Nifty 50 stocks study charts

Tuesday, January 22, 2013

Nifty 22 Jan 13 10:02 AM

                                               Nifty 30 mins chart

Nifty has formed a tringular pattern with rounding bottoms (indicating buy on dips by traders) on 30 mins chart. If it sustains above the triangle then we may cross 6100 if does not sustain then we may some downside. But in the month of January bulls should be cautious.

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